Yili Industrial Group has booked a jump in first-half profits, boosted by the Chinese dairy firm’s growing market share.

Operating profit in the six months totalled CNY24.02bn (US$3.9bn), up 13.4% on the comparable period of last year. Interim net profit soared 125%, the group added.

Gains were driven by a 17.9% increase in liquid milk revenue, which Yili said was “far higher” than the market average.

The company said its brands benefited from a focus on quality at a time when high-profile scares in the Chinese dairy sector have increased the importance of food safety issues for Chinese consumers.

Click here for the full results announcement.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.